Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/markets/marketnews/TFC-extends-Sh634m-hotel-loans-by-2-years/3815534-5573612-5nspwbz/index.html Every little helps!
True.
Going forward the economy should be better managed and institutions like this allowed to grow to bigger and stronger institutions for a bigger effect.
Imagine if the institution was a ksh.70bn asset base with facilities to cushion the sector in the range of sh.30bn
I do not think there should be taxpayer funds like these as much as facilitation with lenders. Hotels/businesses need to save up money during the good years for use during the lean years.
Many Kenyan businesses(wo/men) stretch themselves too thin with rapid expansion funded by debt or not enough cash on hand.
ARM comes to mind. Then there is Nakumatt. And many others.
I have become conservative with age. If you look at my investments, they are mostly (not all nor completely) cash positive. I am willing to accept a lower return for stability.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett